‼️From 20% PROFITS to only 5% profits in just 2 DAYS🔻
This is what happened....
The Curious Case of Can Fin Homes 🧐
So Can Fin Homes broke out of a monthly consolidation sometime back and that was the time I picked the stock up. It was performing well, delivering 20% + Returns 🤑 in just a few weeks. Numbers announced for the quarter were very strong as well ✅
But the news of a fraud of 38 crores ends up hammering the stock like it is a fraud worth 380 crores with more to follow 🫨
The chart breaks crucial levels and market signals to something even more mischievous. At this time we are still observing, having exited the position on a much smaller return than what we could see in the position just 2 days back 😱
What will happen will be seen soon. But one thing I have learnt is that never break your discipline. Stop Loss is essential for Risk Management❗️